
Hindalco to acquire US-based AluChem for $125 million, to expand global specialty alumina footprint; targets 1 million tonnes by FY30
Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, on Tuesday announced it will acquire US-based AluChem Companies Inc for $125 million (approximately Rs 1,075 crore) in an all-cash transaction to strengthen its global specialty alumina portfolio.In a regulatory filing, Hindalco said the deal will be executed through its step-down wholly-owned subsidiary, Aditya…